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Empirical Capital Management, LLC 13F Holdings & Position Changes (Q2 2026)
Empirical Capital Management, LLCCIK: 0001642274
Sector-focusedMomentum followerHigh-turnover trader
Total reported value
$365.9M
Reporting period: 2026-06-30 · Number of holdings: 33
Empirical Capital Management, LLC disclosed 33 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $365.9M and a quarterly turnover rate of 79.6%.
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Personality snowflake
- Concentration
- 54.9
- Portfolio Stability
- 79.62
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 34
- Sizing Uniformity
- 88.1
Empirical Capital Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.137 — mathematically equivalent to about 7 equally-sized positions, well below its 33 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.19), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 5.7 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd TTWO
+380.2% $81.7M
Trim GOOGL
-24.2% -$2.2M
Trim WMT
0.0% -$1.9M
Add RDDT
+1642.2% $26.0M
Add JBHT
+5226.7% $22.8M
Trim TJX
0.0% -$636.0K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 17 holdings (of 33 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | TTWO | Take-two Interactive Softwre | Stock-Comm Services | 26.74% | +17.10% | +380.22% | |
| 2 | ROKU | Roku Inc | Stock-Comm Services | 16.74% | -2.85% | +28.26% | |
| 3 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 9.82% | -13.01% | -24.15% | |
| 4 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 8.01% | +1.23% | +176.21% | |
| 5 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 7.92% | -1.01% | +69.83% | |
| 6 | RDDT | Reddit Inc-cl A | Stock-Comm Services | 7.44% | +6.71% | +1642.22% | |
| 7 | JBHT | Hunt (jb) Transprt Svcs Inc | Stock-Industrials | 6.32% | +6.13% | +5226.67% | |
| 8 | WMT | Walmart Inc | Stock-Consumer Staples | 5.26% | -7.40% | — | |
| 9 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 4.05% | -2.00% | +84.06% | |
| 10 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 3.21% | -4.20% | — | |
| 11 | GNRC | Generac Holdings Inc | Stock-Industrials | 1.44% | +0.37% | +97.80% | |
| 12 | TFIN | Triumph Financial Inc | Stock-Other | 1.04% | -0.05% | +64.21% | |
| 13 | FOXA | Fox CORP - Class A | Stock-Comm Services | 0.90% | +0.90% | NEW | |
| 14 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.69% | -0.65% | — | |
| 15 | XPO | Xpo Inc | Stock-Industrials | 0.28% | -0.30% | — | |
| 16 | WERN | Werner Enterprises Inc | Stock-Other | 0.07% | +0.07% | NEW | |
| 17 | HIMS | Hims & Hers Health Inc | Stock-Healthcare | 0.07% | +0.07% | NEW |
Portfolio Performance
Performance for Q3 2026
+1.1%
Performance Last 4 Quarters
+19.2%
- Stdev
- +18.6%
- Beta
- +1.25
- Alpha
- +3.1%
- Max Drawdown
- -9.6%
- Annualized Perf
- +27.4%
- Batting Avg vs S&P
- +66.7%
- Sortino
- +2.91
- Stutzer
- +0.42
- Treynor
- +0.21
- Sterling
- +1.44
- Calmar
- +2.85
- Information Ratio
- +0.67
- Tracking Error
- +11.3%
- Stdev Down
- +9%
- Winning Months %
- +73.3%
- Losing Months %
- +26.7%
- Best 12 Months
- +56%
- Worst 12 Months
- +18.5%
- Efficiency Ratio
- +0.62
- Sharpe
- +1.4
- Stdev Sectors
- +20.9%
- Skewness
- +0.2
- Kurtosis
- +0.32
- Upside Potential
- +4.44
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 33 | $365.9M | 80 | ||
| 2026 Q1 | 15 | $166.9M | 24 | ||
| 2025 Q4 | 11 | $152.1M | 22 | ||
| 2025 Q3 | 12 | $147.9M | 34 | ||
| 2025 Q2 | 14 | $161.5M | 0 | ||
| 2025 Q1 | 14 | $140.8M | 100 | ||
| 2024 Q4 | 12 | $132.6M | 0 | ||
| 2024 Q3 | 19 | $143.1M | 0 | ||
| 2024 Q2 | 16 | $140.3M | 0 | ||
| 2024 Q1 | 17 | $123.2M | 0 | ||
| 2023 Q4 | 14 | $109.3M | 0 | ||
| 2022 Q3 | 28 | $97.4M | 0 | ||
| 2022 Q2 | 28 | $101.7M | 0 | ||
| 2022 Q1 | 23 | $105.5M | 0 | ||
| 2021 Q4 | 20 | $101.3M | 0 | ||
| 2021 Q3 | 23 | $95.2M | 0 | ||
| 2021 Q2 | 24 | $151.0M | 32 | ||
| 2021 Q1 | 23 | $142.3M | 41 | ||
| 2020 Q4 | 21 | $120.0M | 50 | ||
| 2020 Q3 | 18 | $103.1M | 50 | ||
| 2020 Q2 | 19 | $70.1M | 71 | ||
| 2020 Q1 | 23 | $62.1M | 68 | ||
| 2019 Q4 | 17 | $84.1M | 30 | ||
| 2019 Q3 | 18 | $73.4M | 68 | ||
| 2019 Q1 | 31 | $88.8M | 38 | ||
| 2018 Q4 | 21 | $74.1M | 46 | ||
| 2018 Q3 | 26 | $110.9M | 28 | ||
| 2018 Q2 | 22 | $106.3M | 100 | ||
| 2015 Q4 | 29 | $91.2M | 28 | ||
| 2015 Q3 | 29 | $95.5M | 42 | ||
| 2015 Q2 | 29 | $109.3M | 26 | ||
| 2015 Q1 | 32 | $106.8M | 32 | ||
| 2014 Q4 | 27 | $101.2M | 0 |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Holding changes this quarter
Empirical Capital Management, LLC's most significant position changes for 2026-06-30: New buy: Fox CORP - Class A (FOXA); Sold out: Netflix Inc (NFLX); New buy: Werner Enterprises Inc (WERN); New buy: Hims & Hers Health Inc (HIMS); Add: Take-two Interactive Softwre (TTWO) — shares +380.22%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TTWO | Take-two Interactive Softwre | +17.1% | +380.22% | Add |
| 2 | RDDT | Reddit Inc-cl A | +6.7% | +1642.22% | Add |
| 3 | JBHT | Hunt (jb) Transprt Svcs Inc | +6.1% | +5226.67% | Add |
| 4 | COST | Costco Wholesale CORP | +1.2% | +176.21% | Add |
| 5 | FOXA | Fox CORP - Class A | +0.9% | NEW | New buy |
| 6 | GNRC | Generac Holdings Inc | +0.4% | +97.80% | Add |
| 7 | WERN | Werner Enterprises Inc | +0.1% | NEW | New buy |
| 8 | HIMS | Hims & Hers Health Inc | +0.1% | NEW | New buy |
| 9 | TFIN | Triumph Financial Inc | -0.1% | +64.21% | Add |
| 10 | XPO | Xpo Inc | -0.3% | — | Unchanged |
| 11 | TSLA | Tesla Inc | -0.7% | — | Unchanged |
| 12 | AMZN | Amazon.com Inc | -1% | +69.83% | Add |
| 13 | NFLX | Netflix Inc | -1.1% | EXIT | Sold out |
| 14 | PLTR | Palantir Technologies Inc-a | -2% | +84.06% | Add |
| 15 | ROKU | Roku Inc | -2.9% | +28.26% | Add |
| 16 | TJX | Tjx Companies Inc | -4.2% | — | Unchanged |
| 17 | WMT | Walmart Inc | -7.4% | — | Unchanged |
| 18 | GOOGL | Alphabet Inc-cl A | -13% | -24.15% | Trim |
Filing History
FAQ
What is Empirical Capital Management, LLC and what type of investor is it?
Empirical Capital Management, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $365.9M, spread across 33 disclosed positions.
What are Empirical Capital Management, LLC's largest equity positions?
Based on the latest 13F filing, Empirical Capital Management, LLC's top holdings by market value are:
1. Take-two Interactive Softwre (TTWO) — $97.8M (26.7%)
2. Roku Inc (ROKU) — $61.2M (16.7%)
3. Alphabet Inc-cl A (GOOGL) — $35.9M (9.8%)
4. Costco Wholesale CORP (COST) — $29.3M (8.0%)
5. Amazon.com Inc (AMZN) — $29.0M (7.9%)
What changes did Empirical Capital Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, Empirical Capital Management, LLC made 14 notable position adjustments: 3 new positions were initiated, 9 existing holdings were added to, 1 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Fox CORP - Class A (FOXA); Sold out: Netflix Inc (NFLX); New buy: Werner Enterprises Inc (WERN); New buy: Hims & Hers Health Inc (HIMS); Add: Take-two Interactive Softwre (TTWO) — shares +380.22%
What sectors does Empirical Capital Management, LLC focus on?
Empirical Capital Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Communication Services: 62.3%
• Consumer Staples: 13.4%
• Consumer Discretionary: 11.9%
• Industrials: 8.1%
• Information Technology: 4.1%
• Health Care: 0.1%
Investment Profile
Empirical Capital Management, LLC returned an annualized 27.4% over the trailing 30 months — outperforming the S&P 500 by 3.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.25 (more volatile than the market) and a 67% quarterly batting average against the index.
Its portfolio is moderately concentrated and fast-trading, with 62.3% of the portfolio concentrated in Communication Services.
Its turnover score has risen from 0 to 80 over the past 4 quarters — a shift toward more active trading.
It has added to its ROKU position for two straight quarters, increasing it by $32.5M to reach $61.2M.
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